The change applies to borrowers such as those with work visas.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

FHFA's move alleviates industry concerns of duplicative oversight of lender compliance with unfair or deceptive acts or practices requirements.

In February, MBA was projecting a 25% chance of a recession within the next 12 months. Now, the projection is a 35% risk.

An estimated $68.00 billion of adjustable-rate mortgages were originated in the fourth quarter.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.

The correspondent share of nonconforming originations fell to 9.0% in 2024, down from an 11.9% share in 2023.

Hispanics are becoming homeowners at a quicker rate than other ethnic or racial groups, and they’re buying at a younger age on average, a trend that looks set to continue.

Home prices increased by 0.2% on a monthly basis in January, according to FHFA.

Tomo will use the proceeds to hire additional loan officers, processors and underwriters.